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in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the mi
fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy grail of liberalism. their aim is not job he tkraoe asian, they are interested in wealth destruction. not job creation but wealth destruction. >> reporter: a short time ago vice president biden was out and about and he told reporters that he is optimistic about the overall fiscal cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last nigh
lawmakers don't get it together soon. president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehne
both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad ti tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, they're excited about the present,
cliff deal just might be in the works. we'll see. another positive sign for the economy, the broadest picture we can get of the economy's health, gdp, came in quite a bit better than expected in the third quarter. alison kosik at the new york stock exchange to explain. hi. >> reporter: hey, carol. so between july and september, the economy grew at a 2.7% rate. so that came in much better than second quarter's rate, which was 1.3%. and there's definitely good stuff here. you look deeper in the report, you find out the u.s. exported more than first thought. that's good. because we really need people in other countries to buy our stuff. that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these businesses may not buy as much. also, this increase in inventory may be becaus
. let's get to the fiscal cliff. the president set the deal, over the next decade. are there specific ways of reaching that figure that both of you might agree on? >> well, you know, i think one compromise i agree with the democrats on, we need to cut the military spending. so i think the compromise, the conservatives like myself that think the national defense is important, should compromise on the military spending, and liberals should compromise on the welfare. >> and both sides are going to have to compromise on this, beyond defense spending is there any other compromise that you could see you supporting? >> well, it mostly has to be to me on the spending side. we used to spend about 20% of gdp, we're now spending 25% of gdp. so federal spending has gone up in an alarming rate in the last four years. and when people come to me and say oh, we just have to raise taxes on rich people. one, there is not enough money. and two, you often find when you raise rates you get less revenue. and sometimes you find when you lower rates you get more revenue. >> what do you make of your fellow re
of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has,
at this with a great deal of optimism. >> i think we're going over the fiscal cliff. it's pretty clear that they have made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: en
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shepard: if the president and congress cannot cu
left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker
with the people. that's what the deal is. i think the fiscal cliff is just a big red herring to get rid of the social programs. i have read this in the constitution. your district has the shortest life span in the country, the highest infant mortality rate for children, the highest per capita for people without health insurance, and we follow mississippi. they are ahead of us in that area. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party have taken the country, come and look at your district. >> guest: i would be delighted for people to look at my district. i think it's a great district. 14,000 farms and ranchers to tremendous military installations. you're right next to the field artillery. the colleges and universities, 11 indian tribes and about every ten years or so the best college team in america. it's a special place pitted i would argue with your statistics, but -- i do think i would reflect what people in my district think. i won the election with 68% of the vote and as you were kind enough to p
for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next ambassador to france. he may be considering anna wintour. she was a top fundraiser who helps organize a dinner. it brought in $8.2 million. we have fundraisers take on those posts. she has denied she wants it so far. we'll see. bill: 6-hour plane flight. there are new developments on the search for a u.s. girl wanted. her father was stopped at the border by police. her mother removed her mother's i.v. and walked her out of the hospital without notifying doctors. the child has a catheter in her heart. if it's not removed. there is a possibility an infection could kill her. i want to start with the father crossing i
colleagues to make sure we deal with, quote, the rest of the fiscal cliff. that would take $900 billion off the cliff right now. so, folks, just look around here. people are consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. i know you won't tell anybody what i bought for christmas. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> vice president joe biden at the new and the first costco in washington which employs some 200 people. he was joined there by the c.e.o. of costco, who also spoke at the democratic national convention. was a major obama fundraiser. we are live back on capitol hill waiting to hear from house speaker john boehner and his weekly briefing. the speaker today was one of the leaders set to meet with treasury secretary tim geithner up on capitol hill today to talk about the fiscal cliff negotiation. we'll be hearing from the speaker shortly. the house gavels back in at
. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite t
at the beginning of the year, regardless of whether or not a deal is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've got that. but we are definitely going to tax the rich just a little bit more come january 1 to pay for obamacare, specifically taxes on capital gains, dividends going up to just a little bit more, just a little bit more on january 1, and also a little bit more on income of those people making more than $200,000 a year. so we have defined rich down to $200,000 a year. it was a lot higher than that, but guaranteed january 1, a little bit more for obamacare. >> steve: when you say a little bit more, you mean like 3 or 4%, which adds up. >> it does. it's 3.8% extra as a capital gains tax. >> steve: that's a done deal. that's baked into the health care reform? >> that's it. there is no discussion about it. that was passed two years ago. this is going to happen. then you've got maybe a little bit mor
had a deal it created this fiscal cliff. my hope is that we have a solution. here is the bottom line on all of this. if they do all the things the president is asking for. we are all going to be worse off. the truth is it's not just about a pledgor protecting millionaires and billionaires. you raise those taxes and the true millionaires and billionaires are the stuff out. the people who are going to get crushed are the install and mid sized businesses who pay on their personal rate. they are going to get hurt by. this lay people off. cut hours. that's going to hurt the middle class. that's going to hurt the working class. it's not going to do anything for the debt. >> intran jent he basically said we are going to raise the rate. if you don't like it we're not going to get a deal. seems like that's where we are going here. >> that's unfortunate. instead of what the president is doing is saying the campaign is over let me governor. put a campaign and put a trophy in the liberal trophy case. what the president is proposing is not going to do anything for the debt. we can't say that enou
from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the future. to me the tidal waves that are coming at us is social security and medicare and the new healt
going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and tip o'neill back in the early '80s, they negotiated a deal to save social security and address tax reform and the other entitlement programs, the spending --. jenna: if i could. reagan famously said trust but verify. >> yes. jenna: why should we trust you? why should we trust lawmakers in office now they can do this? >> because i would say we're either going to succeed together or we're going to fail together but it is so important because congress has a history where we've seen taxes go up but the spending side not addressed. in a balanced approach means that we're going to get the structural spending reforms in place that we need to address the
a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is reall
whether the folks in d.c. can strike a deal to avoid going over that fiscal cliff. number one tonight, a mechanic in missouri says is he planning a pretty good christmas after he won half of that record power ball jackpot. first on the list. his adopted daughter wants a pony. and that's "the fox report's" top five. an on this day in 1892. a young sing from her gary, indiana made music history with a release of his album "thriller." michael jackson was already a star at the time but "thriller" was a game changer with seven top then hits including billy jean and title track. "thriller" became the best selling album of all time went on to win a record 8 grammy awards sealing his place in history as the king of pop. despite his untimely death at the age of 50. michael jackson's will legacy hs withstood the test of time.
people are watching is if they blow up fiscal cliff, if we go over, if this is chaos, if they punt, if it's a small deal, it's going to be a sign that we're not going to get the deficit reduction that we need. >> and that's the challenge for the president. because, yes, he does have all the leverage. we talked about that. he won the election of course. but this is a test of leadership, and the american public does not want to go over that cliff because, by the way, they want the tax cut for the middle class to remain in place. that's the ultimate cliff there and the bottom line is we don't want those to expire. gwen: as we approach it we begin to try to read the tea leaves. he brings the c.e.o.'s to the white house and they had the goldman sachsco guy saying i'm pretty optimistic we'll come up with a deal. and others think we'll good over the cliff. what do we read into that? >> there's a rule that denny has earth enunciated and people are outraged. it's a majority institution. the speaker is not going to put something on the floor that doesn't get a majority of the majority. if john byne
. >> the joint economic committee today heard from the two economists on how to deal with the fiscal cliff. marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues which are sometimes broadly described under the umbrella of the terminology, fiscal cliff -- when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we kn
to hammer out a deal over tax hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%.
to raise just those rates would avoid the fiscal cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all taxpayers. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of discussion right now. continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> congressman cole joins us shortly. a rock rib conservative. chair of the national republican congressional committee, and he's no longer a lone voice in the wilderness. the staunchly conservative editorial page of "the wall street journal" is on board as well. i'm quoting now. the
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly
. now to the fiscal cliff. the edge of that is so close to us. are we going over it? what will take to reach a deal? newt gingrich says it takes sitting down and talking face-to-face. >> if they wanted to sit and really talk, -- i always remind people, clinton had been governor, he years negotiating with legislatures. when we took control of the congress, we sort of got the dance. he and i spent 35 days face-to-face, it wasn't this my staff will meet with your staff and we'll have a brief call. nonsense. you have to be in a room. you have to listen to each other. >> greta: where is president obama today? he was not in washington. he was at a toy factory in pennsylvania. to many he seems to be back on the campaign trail, campaigning for his fiscal ideas. governor palin, speaker gingrich who has battled with president clinton on big issues says you have to sit down in the same room, this is being outsourced. how do we get these parties to talk? >> speaker gingrich knew then as he knows now, the house of representatives has great power because they hold the purse springs they can unfun
's a deal struck on the fiscal cliff. i think boehner is trying to exert control. leaders try to exert control before these votes happen. sometimes weeks before. so this was a warning to house conservatives, that if you go against leadership and a deal is struck, there are going to be consequences. >> yeah. so chuck todd, let's talk about the other side of pennsylvania avenue. the president of the united states yesterday speaking with john boehner. and they wisely decided not to characterize that phone call, thank god for the sake of america. and the world. also, you had tim geithner. good god. >> he didn't say anything he hasn't said before. >> geithner on the sunday shows was saying oh, yeah, the republicans are going to back down. they're going to cower in the corner, tremble and whatever. and then yesterday he said we're going to go over the cliff if republicans don't do what we want. i'm curious, what's the white house attitude right now? are they willing to go over the cliff? is geithner right? >> are they willing to go over the cliff? i guess they are, but they also don't believ
. sheville a lot of question, should she be nominated. let me turn to the fiscal cliff. the edge of that is so close to us, are we going to go over it? what will it take to reach a deal? former [speaking spanish] newt gingrich said, it takes sitting down and talking face to face. >> if they wanted to sit and really talk, you can get a lot done. but i always remind people, clinton had been governor. as governor, he had spent years negotiating with legislatures. so when we took control of the congress, we sort of got the dance. he and i spent i think 35 days face to face. it wasn't that my staff will meet with your staff and eventually, we will have a brief phone call. that's nonsense. you have to be in a room. have you to listen to each other. >> so, where's president obama today? well, he was not in washington. he was at a toy factory in pennsylvania. to many, he seems to be back on the campaign trail, campaigning for fiscal ideas. governor palin, speaker gingrich, who has battled with president clinton, said you have to sit down face to face. this is being outsourced. how should
in this country and where it fits in in the conversations happening right now about the fiscal cliff. we're taking a great deal of soul-searching about america's priorities and taxes and spending, what we're going to spend money on, how we're going to tighten our belt. where does energy policy fit into this discussion? >> the major place it fits is in the right policy, which would create an environment which would produce a lot more revenue, and that would help to reduce the debt. the federal government doesn't spend much money on energy. the energy research is about $6 billion a year, more or less. i'd like to see it doubled. i think if you're looking for something -- i mean, this report, i think, is a blueprint for independence. that doesn't mean we don't ever buy from people, this person or that person, but we're not in a position to be held hostage by anybody. it also focuses on finds more and use less, that's the magic formula. but i think what we can do in the federal government following up the last question with this one is, i think invest in research, for example, and getting a 500-mile b
know you have all heard of the so-called fiscal cliff, the huge tax hikes and spending cuts that will be triggered if congress and the white house don't reach a budget deal by the end of the month. well, what are we looking at? first, cuts in defense. also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of elementary. what they're doing, both sides really, is doing a lot of posturing and waiting until they get close to the deadline if not go over the deadline because they feel if they go over the deadline, they're in a position to tell their hard core supporters, look, we have really got to make this deal now or that's the end. the economy goes back in
Search Results 0 to 46 of about 47 (some duplicates have been removed)